Nicaragua vs Panama: Insurance and financial services (% of commercial service imports)
Insurance and financial services (% of commercial service imports) over time
- Nicaragua
- Panama
How they compare
Panama currently reports 17.8% against 16.3% in Nicaragua, a difference of 1.5%.
That makes Panama's figure about 1.1 times Nicaragua's.
The two have swapped places 8 times across 48 shared years of data; in 1977 it was Panama ahead.
Nicaragua ranks 16th and Panama ranks 13th of 197 countries.
Across the 6 decades both report, Nicaragua averaged higher in 1 and Panama in 5.
Head to head by decade
| Decade | Nicaragua | Panama | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -4.9% | 7.8% | 12.7% | Panama |
| 1980s | 5.9% | 10.5% | 4.5% | Panama |
| 1990s | 4.5% | 10.0% | 5.6% | Panama |
| 2000s | 9.0% | 15.6% | 6.6% | Panama |
| 2010s | 10.4% | 15.1% | 4.7% | Panama |
| 2020s | 16.5% | 14.0% | 2.5% | Nicaragua |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher insurance and financial services, Nicaragua or Panama?
- Panama, at 17.8% against 16.3% in Nicaragua as of 2025.
- What is the difference in insurance and financial services between Nicaragua and Panama?
- 1.5%, with Panama ahead.
- How many years of comparable data are there for Nicaragua and Panama?
- 48 years are reported by both, from 1977 to 2024.
- How do Nicaragua and Panama rank globally for insurance and financial services?
- Nicaragua ranks 16th and Panama ranks 13th of 197 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Insurance and financial services (% of commercial service imports). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.